This report provides a broad index measure of small local business activity for the fifty states of the United States, analyzing them in peer groups of the 25 largest states by population and the 25 smallest states by population. Key findings include:
- Small business activity is on the rise in 49 of the 50 U.S. states.
- Among the 25 largest states, the five states with the highest activity were Minnesota, Colorado, Massachusetts, New York and New Jersey.
- Among the 25 smallest states, the states with the highest activity were Vermont, Montana, North Dakota, South Dakota and Wyoming